Although credit and debit cards still account for the highest share of global ecommerce sales compared to other individual payment methods, the combined share of alternative payment methods now outweighs bank card payments and accounts for more than 50% of global online retail payments.

In the coming years, through 2020, yStats forecasts that credit and debit card share will further decrease while use of alternative payments will continue to rise.

The top alternative online payment method is e-wallet, accounting for close to one-third of global ecommerce sales. It is also the second most-used payment method for cross-border online shopping. Other prominent alternative payment methods include bank transfer, direct debit, cash on delivery, payment by invoice and in-store payment.

Three quarters of online merchants concur with this reasoning by accepting at least 3 different online payment options, according to a 2016 survey cited in the yStats.com report.

About Us

Alternative Payments, Inc. is a global financial services organization and licensed e-money issuer authorized to carry out payment service activities. The company operates worldwide and has global reach in the European Union, Canada, Latin America, Asia Pacific and the United States.

We provide a global payment infrastructure to assist e-commerce companies in maximizing their conversions of international traffic and revenue streams with a broad portfolio of payment solutions local to their consumers. Many of our products were among the first to be introduced to the online payment market.